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In this episode we speak to Matt Dalton, consumer sector leader at Forvis Mazars. Matt discussed the biggest challenges facing the retail sector, from cost pressures and wage increases to polarised property markets and geopolitical shocks, and the ways in which retailers can best navigate these. We also explore how short-term cost-cutting could undermine long-term resilience, and how retailers can best remain agile and adaptable in unforecastable times.

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Tesco has unveiled further price cuts for a number of store cupboard essentials in a bid to support customers during the cost-of-living crisis. 

The group’s own brand pasta has been reduced by 15p in stores and online, and vegetable and sunflower oil have been reduced by up to 15p.

The price cuts include dinner-time favourites like penne and spaghetti, down to 80p for 500g. Meanwhile a litre of vegetable oil will drop to £1.85.

The reductions come after the supermarket recently cut the price of milk, butter, and bread in recent weeks.

Last week, Tesco said the price of its toastie white bread, white bread and wholemeal bread dropped in price from 85p to 75p, while salted and unsalted butter dropped from £1.99 to £1.89. 

Tesco Group chief product officer, Ashwin Prasad, said: “As we see deflation coming through on key cupboard essentials such as pasta and cooking oil, we’re pleased to pass on these savings to customers. We hope that by reducing prices on these thirty products which are bought week-in, week-out, we can help customers spend less.

“So whether you’re buying a branded favourite covered by our price lock, stocking up on essentials from Aldi Price Match, or treating yourself to an exclusive deal with Clubcard Prices – you can be confident of finding great value at Tesco.”

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